PPP Loan Data — Inex Physician Assistant Incorporated, Irvine, CA
Inex Physician Assistant Incorporated
Location: Irvine, CATweet This • Search All PPP Data
Inex Physician Assistant Incorporated is a corporation located at 84 Jade Flower in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $24,855.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Inex Physician Assistant Incorporated in Irvine, CA received a Paycheck Protection Loan of $24,855 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Inex Physician Assistant Incorporated's 2019 payroll expenses are estimated to be at least $119,304.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,652 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inex Physician Assistant Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,855
Business Information - Inex Physician Assistant Incorporated in Irvine, CA
84 Jade Flower
Irvine, CA 92620
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 47 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $29,745 (compared to this company's $24,855).
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Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 450% higher than Inex Physician Assistant Incorporated's reported 2 employees, and received an average PPP loan of $119,087, 379% higher than this company's loan of $24,855.
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